IM Global CEO Stuart Ford Forced Out
Ford founded the foreign sales and production company in 2007.
In a shocking move, Stuart Ford, who founded IM Global in 2007, is exiting the company.
Los Angeles- and Shanghai-based investment fund Tang Media Partners, which acquired Open Road Films on Monday, acquired a majority ownership interest in IM Global in June 2016 for $200 million. Sources say Stuart was forced out of the company Friday after disagreements with Tang Media Partners and CEO Donald Tang.
Ford has been the face of IM Global, which is one of the film industry's leading foreign sales, financing and production companies. Recent films that the company worked on include the Oscar-nominated Hacksaw Ridge, Emma Watson-starrer The Circle and Free State of Jones with Matthew McConaughey. Its upcoming projects include Richard Says Goodbye with Johnny Depp and McConaughey starrer Serenity.
Ford was first an entertainment attorney in London before moving to New York in 1997 to join Harvey and Bob Weinstein’s Miramax Films. He worked there for seven years, serving as co-head of the company’s acquisitions division and co-head of the company’s international sales and distribution operation Miramax International.
Reps for IM Global and Tang Media Partners had no comment.